Market Overview:
The global flaw detectors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for flaw detectors in various end-use industries, such as power industry, boiler and pressure vessel, steel structure, petrochemical industry, aerospace and others. Magnetic flaw detectors are expected to hold the largest share of the global flaw detectors market in 2018 owing to their high accuracy and reliability in detecting flaws in ferromagnetic materials.
Product Definition:
A flaw detector is a device that is used to detect flaws or discontinuities in objects. They are commonly used in the manufacturing and construction industries to detect defects in materials or welds. The importance of flaw detectors is that they help to ensure the quality of products and avoid potential failures.
Magnetic Flaw Detectors:
Magnetic Flaw detectors are devices that use a magnetic field to detect flaws in the metals. The process is based on induction by changing the magnetic flux density and detecting changes in electrical conductivity caused due to variations in the shape of metal parts or defects. Magnetic Flaw detectors have wide applications such as oil & gas, power generation, automotive industry, aerospace & defense sector and mining among others.
Ultrasonic Flaw Detector:
Ultrasonic Flaw detector is a device that uses high frequency sound waves to detect the existence of flaws in metals. It works on the principle of elasticity and vibration of materials. The working mechanism is based on the resonance effect caused by ultrasonic vibrations in different frequencies, which are generated from transducers or sensors attached to metal surfaces. These sensors send and receive ultrasonic pulses at regular intervals through an electronic circuit, which is connected to an oscilloscope or meter for monitoring purposes.
Application Insights:
The power industry segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to factors such as increasing demand for electricity from rapidly growing industrial sectors, including oil & gas, chemical, steel structure and others. In addition, it is estimated that by 2030 there will be an increase of around 40% in power generation capacity across the globe owing to investments made by various governments in this sector.
Fluctuating prices coupled with technological advancements have led people towards using alternative sources of energy such as solar and wind energy which has resulted in boosting defect detection equipment demand across the solar PV manufacturing industry globally. Boiler & pressure vessel application segment was valued at USD 536 million in 2017 on account of high product failure rates leading to increased inspection activities globally which is expected to boost market growth over next few years (decade).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for energy and power, coupled with rising investments in infrastructure development. In addition, growing industrialization and rapid urbanization in emerging economies of India and China are likely to boost product demand from various end-use sectors such as manufacturing, transportation & logistics, construction, oil & gas industry.
The presence of major manufacturers including Siemens AG; Mitsubishi Electric Factory Automation Ltd.; Yokogawa Electric Corporation; Panasonic Corporation; Kawasaki Robotics Corp.; Toyota Industries Corporation; Hitachi, Ltd.; Fujitsu General Limited is anticipated to drive the regional market further. Robust manufacturing base of automotive components in Japan also contributes significantly towards product demand from Asia Pacific region. Europe was estimated as the second-largest consumer due to high consumption levels of flaw detectors across several end-use industries such as aerospace & defense and power generation (PSE).
Growth Factors:
- Increasing demand for flaw detectors from the automotive and aerospace industries
- Growing popularity of nondestructive testing methods
- Proliferation of advanced materials and composites in various end-use industries
- Rising demand for portable flaw detectors owing to their ease of use and portability
- Increasing investments in research and development activities to develop new technologies for flaw detection
Scope Of The Report
Report Attributes
Report Details
Report Title
Flaw Detectors Market Research Report
By Type
Magnetic Flaw Detectors, Ultrasonic Flaw Detector, Other
By Application
Power Industry, Boiler and Pressure Vessel, Steel Structure, Petrochemical Industry, Aerospace, Other
By Companies
Olympus, Sonatest, GE, MODSONIC, Magnetic Analysis Corporation, Danatronics, Acoustic Control Systems, HUATEC Group, Oceanscan, Australian NDT Sales, ROOP TELSONIC ULTRASONIX, Silverwing, OKO Association, RDM, Vibronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Flaw Detectors Market Report Segments:
The global Flaw Detectors market is segmented on the basis of:
Types
Magnetic Flaw Detectors, Ultrasonic Flaw Detector, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Industry, Boiler and Pressure Vessel, Steel Structure, Petrochemical Industry, Aerospace, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Olympus
- Sonatest
- GE
- MODSONIC
- Magnetic Analysis Corporation
- Danatronics
- Acoustic Control Systems
- HUATEC Group
- Oceanscan
- Australian NDT Sales
- ROOP TELSONIC ULTRASONIX
- Silverwing
- OKO Association
- RDM
- Vibronics
Highlights of The Flaw Detectors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetic Flaw Detectors
- Ultrasonic Flaw Detector
- Other
- By Application:
- Power Industry
- Boiler and Pressure Vessel
- Steel Structure
- Petrochemical Industry
- Aerospace
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flaw Detectors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flaw detectors are software programs that help identify potential security flaws in computer systems. They can be used to find vulnerabilities in websites, applications, and networks.
Some of the major players in the flaw detectors market are Olympus, Sonatest, GE, MODSONIC, Magnetic Analysis Corporation, Danatronics, Acoustic Control Systems, HUATEC Group, Oceanscan, Australian NDT Sales, ROOP TELSONIC ULTRASONIX, Silverwing, OKO Association, RDM, Vibronics.
The flaw detectors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flaw Detectors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flaw Detectors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flaw Detectors Market - Supply Chain
4.5. Global Flaw Detectors Market Forecast
4.5.1. Flaw Detectors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flaw Detectors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flaw Detectors Market Absolute $ Opportunity
5. Global Flaw Detectors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flaw Detectors Market Size and Volume Forecast by Type
5.3.1. Magnetic Flaw Detectors
5.3.2. Ultrasonic Flaw Detector
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flaw Detectors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flaw Detectors Market Size and Volume Forecast by Application
6.3.1. Power Industry
6.3.2. Boiler and Pressure Vessel
6.3.3. Steel Structure
6.3.4. Petrochemical Industry
6.3.5. Aerospace
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flaw Detectors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flaw Detectors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flaw Detectors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flaw Detectors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flaw Detectors Demand Share Forecast, 2019-2026
9. North America Flaw Detectors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flaw Detectors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flaw Detectors Market Size and Volume Forecast by Application
9.4.1. Power Industry
9.4.2. Boiler and Pressure Vessel
9.4.3. Steel Structure
9.4.4. Petrochemical Industry
9.4.5. Aerospace
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flaw Detectors Market Size and Volume Forecast by Type
9.7.1. Magnetic Flaw Detectors
9.7.2. Ultrasonic Flaw Detector
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flaw Detectors Demand Share Forecast, 2019-2026
10. Latin America Flaw Detectors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flaw Detectors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flaw Detectors Market Size and Volume Forecast by Application
10.4.1. Power Industry
10.4.2. Boiler and Pressure Vessel
10.4.3. Steel Structure
10.4.4. Petrochemical Industry
10.4.5. Aerospace
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flaw Detectors Market Size and Volume Forecast by Type
10.7.1. Magnetic Flaw Detectors
10.7.2. Ultrasonic Flaw Detector
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flaw Detectors Demand Share Forecast, 2019-2026
11. Europe Flaw Detectors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flaw Detectors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flaw Detectors Market Size and Volume Forecast by Application
11.4.1. Power Industry
11.4.2. Boiler and Pressure Vessel
11.4.3. Steel Structure
11.4.4. Petrochemical Industry
11.4.5. Aerospace
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flaw Detectors Market Size and Volume Forecast by Type
11.7.1. Magnetic Flaw Detectors
11.7.2. Ultrasonic Flaw Detector
11.7.3. Other
11.8. Basis Point Shar (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flaw Detectors Demand Share, 2019-2026
12. Asia Pacific Flaw Detectors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flaw Detectors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flaw Detectors Market Size and Volume Forecast by Application
12.4.1. Power Industry
12.4.2. Boiler and Pressure Vessel
12.4.3. Steel Structure
12.4.4. Petrochemical Industry
12.4.5. Aerospace
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flaw Detectors Market Size and Volume Forecast by Type
12.7.1. Magnetic Flaw Detectors
12.7.2. Ultrasonic Flaw Detector
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flaw Detectors Demand Share, 2019-2026
13. Middle East & Africa Flaw Detectors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flaw Detectors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flaw Detectors Market Size and Volume Forecast by Application
13.4.1. Power Industry
13.4.2. Boiler and Pressure Vessel
13.4.3. Steel Structure
13.4.4. Petrochemical Industry
13.4.5. Aerospace
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flaw Detectors Market Size and Volume Forecast by Type
13.7.1. Magnetic Flaw Detectors
13.7.2. Ultrasonic Flaw Detector
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flaw Detectors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flaw Detectors Market: Market Share Analysis
14.2. Flaw Detectors Distributors and Customers
14.3. Flaw Detectors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Olympus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sonatest
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MODSONIC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Magnetic Analysis Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Danatronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Acoustic Control Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HUATEC Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Oceanscan
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Australian NDT Sales
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ROOP TELSONIC ULTRASONIX
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Silverwing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. OKO Association
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. RDM
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Vibronics
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook